MIRA INFORM REPORT

 

 

Report Date :           

24.04.2012

 

IDENTIFICATION DETAILS

 

Name :

CHC LABORATORY CO., LTD.

 

 

Formerly Known As :

C&C CO., LTD.

 

 

Registered Office :

520-1, Yongsan-dong, Yuseong-gu, Daejeon, Korea,. Daedeok Techno Valley, Zip Code 305-500

 

 

Country :

South korea

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

09.11.1995

 

 

Com. Reg. No.:

306-81-24194

 

 

Legal Form :

Co., Ltd by Shares

 

 

Line of Business :

Manufacture of Material Testing, Measuring and Checking Instruments

 

 

No. of Employees :

70

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

South Korea

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Basic

 

Company Name

CHC LABORATORY CO., LTD.

(Korean Company Name : “(주)씨애치씨랩”)

Registered Address

520-1, Yongsan-dong, Yuseong-gu, Daejeon, Korea

Building

Daedeok Techno Valley

Zip Code

305-500

Tel

+82-42-933-0036

Fax

+82-42-933-0039

E-mail

chc@chclab.com

Website

www.chclab.com

Trading Address /

Branch Address

Rm.207, Dongil Techno Tower, 823, Gwanyang-dong, Dongan-gu, Anyang-si, Gyeonggi-do, Korea

Tel

+82-31-423-5540

Fax

+82-31-423-5542

Other Address-Cheongwon Factory

336-8, Biryong-ri, Nami-myeon, Cheongwon-gun, Chungbuk, Korea

Type

Export/Import

Industry

Manufacture of Material Testing, Measuring and Checking Instruments

  Main Business

Lab Furniture, Fume Hood, Clean Bench, Arm Hood, Ductless Hood

Established (mm/dd/yyyy)

11/09/1995

 

 

Detailed Products

 

Activity

Detailed Products (UNSPSC)

Sell

Clean benches(41103415)

Sell

Air exhausters(40101502)

Sell

Laboratory benches(56122001)

Sell

Laboratory bench protectors and liners(41122300)

Sell

Fume hoods or cupboards(41103502)

Sell

Laboratory implements(41122400)

Sell

Tissue culture apparatus(41102910)

 

 

CEO’s

 

Name

Cha Hyung-Cheol

Address

Suite 9-102, 257-29, Wonchon-dong, Yuseong-gu, Daejeon, Korea

Date of Birth

10/16/1956

Title

President & CEO

Sex

Male

Nationality

Korean

 

Profiles

 

Capital (KRW)

500,000,000

Employees

70

Formation

Co., Ltd by Shares

Venture Business

Bank Details

Industrial Bank of Korea-Daejeon 3 Gongdan Branch

Corporate Registered No.

160111-0050784

Business Registered No.

306-81-24194

Permit & Licenses

06/19/1996 ISO 9002

09/09/2004 GQ

 

Int’l Trade No.: 16019551

Shareholder Position

N/A

Company History

11/09/1995 Incorporated as C&C CO., LTD.

11/24/1997 Changed company name to the present name

10/10/2006 Increased capital to 500,000,000 KRW from 250,000,000 KRW

10/10/2006 Moved to the present HQ address from 534, Yongsan-dong, Yuseong-gu, Daejeon, Korea

03/06/2008 Designated as a Venture Business

03/05/2010 Designated as a Venture Business again

07/31/2011 Designated as an INNO-BIZ Company

 

 

 

 

Management

 

Job Description

Title

Name

Sex

Nationality

Inauguration Date

President & CEO

Mr.

Cha Hyung-Cheol

Male

Korean

07/09/2003

Director

Mr.

Noh Jae-Ho

Male

Korean

01/05/2010

Director

M/S.

Nam Kyung-Hee

Female

Korean

03/31/2011

Director

Mr.

Lee Gye-Hwan

Male

Korean

11/01/2011

Auditor

Mr.

Chan Poong-Nam

Male

Korean

03/31/2005

 

 

Financials

 

Year / Unit : KRW

Sales

Assets

Net Income

2011

 

 

 

2010

11,177,000,000

6,993,000,000

1,293,000,000

2009

8,582,000,000

6,295,000,000

1,318,000,000

2008

5,872,000,000

4,928,000,000

10,000,000

The latest financials are not available, and the Subject Company does not have any obligations to release its financials to the public.

 

Financial Description

 

Authorized Capital(KRW)

600,000,000

Paid-Up Capital(KRW)

500,000,000

Total Issued Shares

50,000

 

 

Balance Sheet

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Total Assets

6,993,000,000

6,295,000,000

4,928,000,000

Current Assets

1,915,000,000

1,638,000,000

1,001,000,000

-Quick Assets

-

-

-

-Inventories

-

-

-

Fixed Assets

5,078,000,000

4,657,000,000

3,927,000,000

-Investment

-

-

-

-Tangibles

-

-

-

-Intangibles

-

-

-

Total Liabilities

2,630,000,000

3,273,000,000

3,086,000,000

Current Liabilities

780,000,000

923,000,000

1,136,000,000

Fixed Liabilities

1,850,000,000

2,350,000,000

1,950,000,000

Capital Stock

500,000,000

500,000,000

500,000,000

Capital Surplus

-

-

-

Profit Surplus

-

-

-

Capital Adjustment

-

-

-

Total Equity

4,361,000,000

3,022,000,000

1,842,000,000

Liab. & Shareholder’s Equity

6,993,000,000

6,295,000,000

4,928,000,000

 

 

Income Statement

 

Unit : Korean Won

As of 12/31/2010

As of 12/31/2009

As of 12/31/2008

Sales

11,177,000,000

8,582,000,000

5,872,000,000

Cost of Sold Goods

7,923,000,000

5,368,000,000

3,959,000,000

Gross Profit

3,254,000,000

3,214,000,000

1,913,000,000

Selling & Admin. Expenses

1,904,000,000

1,983,000,000

1,761,000,000

Operating Income

1,350,000,000

1,231,000,000

152,000,000

Non-Operating Income

208,000,000

249,000,000

196,000,000

Non-Operating Expenses

166,000,000

161,000,000

183,000,000

Income Before Taxes

1,392,000,000

1,318,000,000

165,000,000

Income Taxes Expenses

99,000,000

-

155,000,000

Net Income

1,293,000,000

1,318,000,000

10,000,000

 

 

Products, Technologies, Services Description

 

Main Products & Services

Lab Furniture, Fume Hood, Clean Bench, Arm Hood, Ductless Hood

 

 

Trade Partners & Competitors

 

Competitors

LK LAB KOREA, INC.

2FL., 156-3, ANAMDONG 5-GA, SEONGBUK-GU, SEOUL, KOREA

TEL:+82-2-953-4952 FAX:+82-2-953-4958

 

DAEIL LABORATORY SERVICES CO., LTD.

RM. 1109, KOLON DIGITAL TOWER VILLANT 2-CHA, 222-8,GURO 3-DONG, GURO-GU, SEOUL, KOREA

TEL:+82-2-2081-1500  FAX:+82-2-2081-1515

 

FISHER SCIENTIFIC KOREA LTD.

13TH FL., SAMBU BLDG., 676, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL, KOREA

TEL:+82-2-527-0300  FAX:+82-2-527-0311

 

 

Sales by Region

(Activity & Markets)

 

The Subject deals with the companies in Mexico and Spain.

 

 

Court Action

 

Not Available.

 

 

News Clipping

 

---

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.84.16

Euro

1

Rs.68.84

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.